Oil rebounds above $72 on inventory drop

Crude bounced from a seven-week low on Wednesday as investors looked for relief in U.S. oil inventory numbers due later in the day, heartened by separate Tuesday figures indicating a fall in

“Mackerel war” threatens Iceland EU talks

The European Union's fisheries chief has warned that Iceland's bid to join the bloc could be damaged by an escalating "mackerel war" over fishing rights in the northeast Atlantic. Cash-strapped Iceland began